WASHINGTON, June 24, 2026 (GLOBE NEWSWIRE) -- Presidio, a leading global digital services and solutions provider, today announced five AI solutions purpose-built for public sector organizations, at the AWS Public Sector Summit in Washington, D.C. Designed to eliminate the false choice between build and buy, Presidio’s new solution accelerators are the third path – pre-built, cloud-native, and tailored to the specific realities of government and education. Rather than replacing existing systems or starting from scratch, they enable agencies to run a faster, more credible pilot and move it to production in weeks at pricing aligned to public sector budgets, and architectures built to scale securely across agencies.
Spanning two core capability areas – real-time video intelligence and constituent digital services – the portfolio gives public sector organizations a faster, lower-risk path from initial pilot to integrated, mission-ready deployment.
"Presidio has a new identity – a mission-driven one," said Mike Baur, Industry Principal, SLED, Presidio. "State and local leaders have been handed two bad options for decades: build something that takes years or buy a platform they’ll use seven percent of. These accelerators are the third option – purpose-built starting points that eliminate the hardest foundational work so agencies can run a faster, more credible pilot and see real outcomes in months, not years. This is just the beginning.”
Turning Video into Real-Time Intelligence
Across government, education, and public media, video remains one of the most underutilized and inaccessible data sources. Footage is difficult to search, spread across systems, and rarely available in real time. Presidio's video intelligence solutions turn unstructured video into operational intelligence, enabling agencies to detect, analyze, and respond to events as they happen.
Presidio’s new video intelligence solutions include:
Presidio Captivate (Available now) Captivate enables public safety teams and campus security to search footage based on behaviors, objects, and events – not by timestamp or manual tag – for faster investigations and more situational awareness. Presidio Intelligent Sports Media (Available now) Designed for collegiate athletics and media teams, this solution connects live broadcasts with deep historical archives to power NIL workflows, faster content creation, and multi-platform distribution. Presidio Intelligent News Media (Available now) Enables Public Information Officers and media teams to automatically enrich, search, and distribute content across channels without rebuilding underlying systems, leading to faster public communication. Presidio Public Safety Accelerator (Launching today) Announced today, Intelligent Public Safety introduces agentic AI into public safety environments, automatically detecting anomalies and helping agencies act on real-time intelligence without manually reviewing hours of footage after the fact. A New Model for Constituent Digital Services
While agencies have modernized individual systems, the constituent experience remains fragmented across departments. Presidio is unifying and securing digital services without requiring costly system replacement.
Presidio’s new solution to improve the constituent experience includes:
Presidio GovMod Accelerator (Launching today) GovMod Accelerator is an AWS-native orchestrator that connects existing agency systems for a unified constituent experience. Rather than requiring agencies to migrate or replace their existing system investments, it overlays the infrastructure to deliver a single, secure, federated experience for residents. Live pilot in 90 days. Together, these accelerators reflect Presidio’s conviction that public sector organizations deserve a better path – one that meets them where they are, works with the systems they already have, and turns a well-run pilot into a production deployment in weeks. All five accelerators are built on AWS and reflect Presidio's standing as an AWS Premier Consulting Partner. The development of Presidio Intelligent Public Safety, giving government customers access to secure, scalable, and innovative cloud technologies, was done in partnership with AWS Generative AI Innovation Center (GenAI IC) Partner Innovation Alliance (PIA).
Presidio's SLED team will be present throughout the AWS Public Sector Summit at the Walter E. Washington Convention Center, June 29 through July 1. Solution demonstrations are available by request at presidio.com.
For more information about Presidio’s public sector solutions, please visit https://www.presidio.com/industries/public-sector/.
About Presidio
At Presidio, speed and quality meet technology and innovation. Presidio is a trusted ally for organizations across industries with a decades-long history of building traditional IT foundations and deep expertise in AI and automation, security, networking, digital transformation, and cloud computing. Presidio fills gaps, removes hurdles, optimizes costs, and reduces risk. Presidio’s expert technical team develops custom applications, provides managed services, enables actionable data insights and builds forward-thinking solutions that drive strategic outcomes for clients globally. For more information, visit www.presidio.com.
Item 1 of 2 An Amazon box moves along a conveyor belt at Amazon's fulfillment center in Robbinsville, New Jersey, U.S., December 1, 2025. REUTERS/Eduardo Munoz//
[1/2]An Amazon box moves along a conveyor belt at Amazon's fulfillment center in Robbinsville, New Jersey, U.S., December 1, 2025. REUTERS/Eduardo Munoz// Purchase Licensing Rights, opens new tab
June 24 (Reuters) - Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3% from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday.
The four-day shopping event, which started on Tuesday and is being held earlier than usual this year, will be a litmus test of U.S. shoppers' spending power as the focus shifts to essential goods.
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Here are some key details:
Online spending on Tuesday is tracking ahead of its projections and marks the biggest e-commerce day so far in 2026, Adobe said.
The data firm reaffirmed its forecast of U.S. retailers driving $26.3 billion in online spend through the event.
Adobe said sales were driven by categories such as electronics and appliances, tools and home improvement, but purchases of everyday essentials also ticked up.
Discounts are expected to remain in the 10% to 24% band seen on the first day, Adobe said.
Adobe's forecast is based on an analysis of 1 trillion visits to U.S. retail e-commerce sites, covering 100 million stock keeping units and 18 product categories.
Reporting by Neil J Kanatt in Bengaluru; Editing by Joyjeet Das
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ToplineElon Musk’s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their second full trading day, ranking Musk’s rocket maker ahead of Amazon as the world’s fifth-largest company by market value.
Shares of Elon Musk’s rocket maker have soared by more than 30% since their trading debut.
Getty Images
Key FactsShares of SpaceX rallied by just over 12% shortly after trading opened on Tuesday, raising its market value to about $2.8 trillion and ranking it ahead of Amazon ($2.6 trillion) as the fifth-largest company.
A further boost to SpaceX’s stock marks a nearly 35% rally since its IPO on Friday, when shares closed up 19%, and a 19.5% surge on Monday.
The latest increase in SpaceX shares added $119.1 to Musk’s net worth, valued at about $1.4 trillion, ranking him more than $1 trillion ahead of Google cofounder Larry Page ($300.7 billion), who Forbes ranks as the world’s second-richest person.
Musk holds 4.8 billion SpaceX shares, bringing his stake to about 38%, with an additional 350 million stock options with an exercise price of $8.40 per share.
what to watch forSpaceX may soon challenge Microsoft as the fourth-largest company, falling behind the software giant’s market value of $2.92 trillion. Apple is the next largest with a market capitalization of $4.3 trillion, followed by Alphabet at $4.4 trillion. Both trail Nvidia at $5 trillion.
ToplineElon Musk’s fortune swelled above $1.4 trillion on Tuesday as SpaceX shares extended a rally in their second full trading day, ranking Musk’s rocket maker ahead of Amazon as the world’s fifth-largest company by market value.
Shares of Elon Musk’s rocket maker have soared by more than 30% since their trading debut.
Getty Images
Key FactsShares of SpaceX rallied by just over 10% shortly after trading opened on Tuesday, raising its market value to about $2.77 trillion and ranking it ahead of Amazon ($2.6 trillion) as the fifth-largest company.
A further boost to SpaceX’s stock marks a nearly 35% rally since its IPO on Friday, when shares closed up 19%, and surged another 19.5% on Monday.
The latest increase in SpaceX shares added $119.1 billion to Musk’s net worth, which is now valued at about $1.4 trillion, ranking him more than $1 trillion ahead of Google cofounder Larry Page ($300.7 billion), who Forbes ranks as the world’s second-richest person.
Musk holds 4.8 billion SpaceX shares, bringing his stake to about 38%, with an additional 350 million stock options with an exercise price of $8.40 per share.
what to watch forSpaceX may soon challenge Microsoft as the fourth-largest company, falling behind the software giant’s market value of $2.92 trillion. Apple is the next largest with a market capitalization of $4.3 trillion, followed by Alphabet at $4.4 trillion. Both trail Nvidia at $5 trillion.
tangentSpaceX disclosed to the Securities and Exchange Commission on Monday that it would acquire the AI coding platform Cursor’s parent company, Anysphere, for $60 billion. SpaceX said it anticipated the deal closing by Q3 2026. Cursor and SpaceX announced a partnership in April, saying they would work together on “coding and knowledge work AI,” and SpaceX said at the time it reserved the right to pay Cursor $10 billion or outright buy the company for $60 billion.
key backgroundA meteoric rise in SpaceX shares follows its blockbuster stock debut last week, underpinned by record-setting investor demand that boosted its IPO to $85 billion. Musk has pitched his company hitting $1 trillion in revenue by 2030, a reversal from the $18.7 billion recorded in all of 2025, despite a net loss of $4.9 billion in the year and $4.28 billion through its latest quarter. Some analysts have disputed SpaceX’s market valuation, including “Big Short” investor Michael Burry, who has claimed there was “nothing” in SpaceX’s IPO paperwork that suggested the company was worth $1 trillion or even $2 trillion.
further readingForbesSpaceX Will Buy AI Coding Firm Cursor For $60 BillionBy Siladitya RayForbesSpaceX Soars Another 20%—Rocketing Musk’s Net Worth To $1.3 TrillionBy Ty Roush
Elon Musk’s SpaceX has overtaken Amazon as the world’s fifth-most valuable company days after its stock market debut.
The milestone came as it agreed to buy the startup behind the AI-powered coding app Cursor for $60bn (£44bn), in an attempt to capitalise on the technology’s success as a coding tool.
SpaceX is the parent of Musk’s AI business, xAI, which will be able to boost its capabilities in an area – AI systems writing code – that has proven to be a strong commercial success for Anthropic, the rival company behind the Claude chatbot.
The group also includes the SpaceX rocket company, social media platform X and the satellite maker and internet service provider Starlink, which is the only profitable part of the business.
The news of the Cursor acquisition was announced as SpaceX passed Amazon in market capitalisation, an important measure of value for a publicly listed company. SpaceX shares rose by 13% on opening on the Nasdaq index on Tuesday.
At one point, its valuation rose as high as $2.97tn, leaping over Amazon’s $2.65tn to become the world’s fifth most valuable company by market value. Its shares later eased back to about 5% up at the close and a valuation just ahead of the e-commerce company of $2.66tn.
SpaceX lost $4.9bn in 2025 on revenues of $18.7bn, while Amazon posted revenues of $717bn and net income – a US measure of profit – of $78bn.
SpaceX floated at $135 a share on Friday and its shares have risen by approximately 50% since. The float made Musk, SpaceX’s founder and chief executive, the world’s first trillionaire with a fortune of $1.1tn, according to Forbes. It reckons the 54-year-old is now worth $1.3tn.
The company had been circling Cursor, owned by the San Francisco-based Anysphere, for months. It said in April it had secured an option to either buy Cursor for $60bn later this year or pay $10bn for a partnership.
Hedge fund billionaire Bill Ackman said the strong value of SpaceX’s stock was another boon for the company because it would require fewer company shares to pull off large acquisitions such as Anysphere. Photograph: Kristoffer Tripplaar/AlamyHarrison Rolfes, an analyst at the financial research firm PitchBook, said the deal would not “close the gap” between xAI’s models and those developed by Anthropic and OpenAI. However, he said it made sense to gain access to Cursor’s more than 1 million users.
“Owning the tool that professional developers already trust daily is a faster path to enterprise AI revenue than winning the model race,” he said.
Anysphere is one of several Silicon Valley startups that have drawn waves of developers by using AI to automate coding, making it an important rival to market leaders Anthropic and OpenAI. But a lack of access to computing power – something SpaceX can offer as a datacentre owner – has hampered Cursor’s growth.
“Cursor does not have the scale of OpenAI or Anthropic, but it has built some very impressive coding models relative to cost. That makes this a positive move for SpaceX,” said Matt Britzman, a senior equity analyst at Hargreaves Lansdown.
In its filing for an initial public offering, SpaceX had said Cursor’s access to developers’ data, including coding requests and design decisions, could help improve xAI’s Grok model.
Gil Luria, head of technology research at the US investment firm DA Davidson, said Cursor would “improve SpaceX’s position in the frontier model race with Anthropic and OpenAI”. He added that Grok “has to have a coding component that enterprise customers can utilise side by side with [AI coding models] Anthropic Claude Code and OpenAI Codex.”
Anysphere will be paid in stock under the deal, a regulatory filing showed, and the deal will not use proceeds from SpaceX’s IPO. The transaction is expected to close in the third quarter of 2026.
The hedge fund billionaire Bill Ackman said the strong value of SpaceX’s stock was another boon for the company because it would require fewer of the company’s shares to pull off large acquisitions.
“One of the things that makes SpaceX so valuable is how valuable it is. The Cursor acquisition costs materially less in dilution because of SpaceX’s high valuation,” Ackman posted on X.
Anysphere is backed by prominent Silicon Valley venture capitalists such as Andreessen Horowitz and Thrive, as well as Nvidia and Google.
Jeff Bezos is back in an operating seat for the first time since stepping down from Amazon (NASDAQ: AMZN), pointing a $12 billion war chest at what he calls the engine of civilizational wealth: invention itself. In a CNBC interview on June 11, 2026, Bezos and co-CEO Vik Bajaj outlined Prometheus, a Series B round raising... Jeff Bezos Just Raised $12 Billion. He's Betting His Newest Business Will Create the Next Elon Musk or Henry Ford
Markets are digesting all the hyperscaler spending on the AI buildout, says Arun Sundaram, pointing to Amazon's (AMZN) $200 billion CapEx goal as something for investors to watch. However, the Mag 7 giant's fastest-growing tech businesses are also the most profitable.
@ProsperTradingAcademy's Charles Moon walks us through today's Big 3, all highlighting companies involved in the AI buildout. He likes Amazon (AMZN) for its recent rebound rally, CleanSpark (CLSK) for weathering a recent volatile storm, and CoreWeave (CRWV) for its recent inclusion in the Nasdaq-100 (NDX).
I keep buying Amazon (NASDAQ:AMZN | AMZN Price Prediction) and I am not going to apologize for it. The stock is down 6.86% over the past month while CNBC anchors argue about June inflation prints, and every time my brokerage screen flashes red I add a few more shares. This is a position I have been compounding into because the underlying business has decoupled from whatever the Fed says next month, and the receipts keep arriving every 90 days.
The thesis I keep coming back to is simple: Amazon now runs three growth machines stacked on top of a retail empire that still grew 15% in units last quarter, the strongest reading since the tail end of COVID lockdowns. Andy Jassy summed it up in the Q1 report: “AWS is growing 28% (our fastest growth in 15 quarters) on a very large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Advertising grew to over $70 billion in TTM revenue.” Read that sentence twice. That is the whole investment case in 54 words.
The Three Compounding Engines Start with AWS. Revenue hit $37.59 billion last quarter at a 37.7% operating margin, and the customer list now includes OpenAI committing roughly 2 GW of Trainium capacity through 2027 and Anthropic securing up to 5 GW. That is a multi-year revenue runway already booked.
Then there is the advertising business that the title of this piece points to. Over $70 billion in trailing twelve-month revenue, growing 24% year over year, attached to the most valuable purchase-intent data on earth. Ads carry margins closer to software than to retail, and management is still pushing into Netflix, Spotify, and Roku inventory.
Third, the custom silicon stack. Graviton, Trainium, and Nitro chips crossed a $20 billion annual run rate with triple-digit year-over-year growth. Amazon is becoming a chipmaker that happens to own a cloud, which compresses cost per token and widens the moat.
The composite financials show it. Q1 revenue rose 16.61% to $181.52B, EPS came in at $2.78 against a $1.73 estimate, and operating cash flow climbed 52.99% to $26.03 billion. Interest coverage sits at 35.17. This is a balance sheet that can fund ambition.
The Risk I Acknowledge The honest part. Free cash flow on a trailing twelve-month basis collapsed 95% to $1.2 billion because CapEx ran 76.68% higher year over year, and long-term debt climbed to $119.1 billion from $65.6 billion. Jassy has guided to roughly $200 billion in CapEx for 2026. If AI demand pauses, the depreciation bill arrives anyway. I have made peace with that risk because the customers signing multi-gigawatt contracts are the same companies setting AI roadmaps, and the spend is building owned infrastructure rather than rented capacity.
Why The Buy Button Stays Active Q2 guidance calls for 16% to 19% revenue growth, the stock has compounded 596.56% over ten years, and analyst consensus sits at $312.51 against today’s $246.02. June volatility gave me a discount on a business growing three engines at once. I will keep buying until the thesis breaks, and the thesis is not breaking.
Shares of Elon Musk's SpaceX soared more than 14% on Tuesday, lifting its value higher than Amazon and briefly Microsoft just days after its debut.
Shares in the rocket and AI company were selling for $220 (£164), more than 62% above the $135 (£101) Initial Public Offering (IPO) price, giving the company a market capitalisation of about $2.85trn (£2.12trn).
Image: SpaceX share price since IPO. SpaceX's share market rally saw the company top Amazon's valuation of $2.64trn (£1.97trn) and briefly beat Microsoft's of $2.92trn (£2.18trn), as it joined the ranks of the five most valued companies.
Amazon's revenue grew to $717bn (£543bn) last year, while SpaceX reported sales of $18.67bn (£13.91bn) and a net loss of $4.94bn (£3.68bn) after merging with money-losing xAI, in sharp contrast to many of Wall Street's biggest technology companies that have returned strong profits.
Image: Elon Musk during the launch of SpaceX on the stock market. Analysts and portfolio managers said investors should brace for volatility due to SpaceX's relatively small float and high valuation, particularly early on in the company's life as a public company.
"We can say with certainty that this valuation makes absolutely no sense today," said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.
"People are buying SpaceX in the expectation that others will buy too and push the price higher - that's speculation."
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SpaceX options have also began trading, offering investors another avenue to bet on the future of the newly listed shares.
"Today the SPCX options launch, offering standard monthly expiration and strikes ranging from $25 to $380," said Brent Kochuba, founder of option analytics platform SpotGamma.
"If call demand is heavy, dealers might be forced to buy SPCX into this low-liquidity situation.
"Starting next week we may see index demand increase, with more shares not slated to be made available for one to two months."
Image: Elon Musk. Read more from Sky News:
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SpaceX's rally could continue with the company set for fast-track inclusion in the Nasdaq 100, which will make it a major holding for passive funds and ETFs that track the index.
Trillion-dollar man: The rise of Elon Musk
FTSE Russell and MSCI are also set to add the stock to their indexes, from 26 June and 29 June, respectively.
"While index inclusion alone is typically insufficient to drive sustained repricing, we see the combination of passive flows, momentum, and limited float driving upside beyond historical index-addition moves," brokerage Zephirin Group said.
SpaceX said on Monday its underwriters had exercised the "greenshoe" option to purchase additional shares, increasing the total proceeds from its initial public offering to $85.7bn (£63.86) from $75bn (£55.88bn).
Earlier in the day, SpaceX also said it would acquire software company Anysphere for $60bn.
SpaceX (SPCX) has surpassed Amazon's (AMZN) market cap in intraday trading Tuesday, marking a monumental moment for the company. Andrew Chanin talks about the recent buying frenzy in SpaceX since its IPO, along with new plans to acquire cursor in a $60 billion deal.
Amazon.com shares are consolidating. Where is AMZN stock headed? Falling Oil Prices Lift Risk AppetiteAmazon is benefiting from a broad market rebound after the United States and Iran reached a peace agreement on Monday that ends their conflict and begins reopening the Strait of Hormuz. The decline in energy prices helped cool inflation concerns and fueled a strong rally in technology stocks.
President Donald Trump said that ships were already moving oil out of the strait, and senior officials noted that traffic would increase immediately even though full reopening will take longer due to mine‑clearing operations.
AWS Summit New York Set To OpenAhead of the summit, AWS has already delivered several product launches. EC2 M9g and M9gd instances powered by Graviton5 processors are now generally available and offer up to 25% better compute performance compared to Graviton4‑based instances.
AWS also introduced FinOps Agent in preview, a tool designed to answer cost questions, highlight optimization opportunities and investigate cost anomalies for engineering and finance teams. In addition, Google DeepMind's Gemma 4 model family is now available on Amazon Bedrock, and Amazon OpenSearch Service added support for MCP Apps to enable agentic observability workflows.
Prime Day 2026 ApproachesAmazon's retail segment is also seeing improved sentiment as Prime Day 2026 approaches. The event is scheduled for June 23 through June 26 and can increase trading interest in the stock in the weeks leading up to the sales period.
AMZN Shares Are Trending HigherAMZN Price Action: Amazon.com shares were up 0.17% at $246.43 at the time of publication on Tuesday, according to Benzinga Pro.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
While many retail investors got allocations of Space Exploration Technologies (SPCX +4.83%) when the stock IPO'd, others were left out. However, if you missed the IPO, I wouldn't be chasing the stock, as I think there are better companies to buy pursuing similar objectives.
SpaceX, as it is better known, operates three primary businesses. The first is its reusable rocket business, but this isn't why the company closed its first day of trading with a $2.1 trillion market cap. This is a solid business, but it's more of a launching pad (pun intended) for its other businesses. SpaceX's Starlink satellite internet service is its profit center. Once again, this is a nice business, but certainly not a trillion-dollar one.
Image source: Getty Images.
The company's biggest opportunity is its artificial intelligence (AI) business, which it views as having a total addressable market of $26.5 trillion. Through its earlier acquisition of another Elon Musk-backed company, xAI, SpaceX acquired a large hyperscale operation and the Grok large language model (LLM). The big ambition for this business is to eventually build data centers in space, which could be powered by solar power from near-constant sunlight. However, there are technical issues to overcome, including cooling the infrastructure in the vacuum of space, the finite usefulness of chips, and protecting them from cosmic radiation, which can corrupt data.
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Right now, SpaceX stock is valued mostly on the hope and dreams of a CEO with a very mixed track record of delivering on his promises, including timelines for autonomous driving and a large hyperloop system. As such, I think there are better stocks to buy.
1. Amazon If you're looking for a hyperscaler with space ambitions, look no further than Amazon (AMZN +0.05%). The company is the largest cloud computing provider in the world and is seeing strong acceleration in revenue growth in this business. It also has an established custom chip business, including its Trainium AI accelerators and Graviton central processing units (CPUs), that help give it a cost advantage.
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At the same time, Amazon is building a satellite internet service called Amazon Leo to compete with Starlink. While SpaceX does have an advantage with its own rocket operations, and Amazon saw a setback with the Blue Origin explosion, it's notable that no one was hurt, and none of its satellites were damaged. It's also contracted with multiple providers, and its strategy remains unchanged. Meanwhile, its recent acquisition of Globalstar will bring it important spectrum, device-to-device capabilities, and a close partnership with Apple.
I'd also throw in that Amazon is one of the world's leading robotics companies and much further along than Musk and his robot ambitions at Tesla.
2. Alphabet
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Alphabet (GOOGL +1.10%) (GOOG +1.09%) is also a much better buy than SpaceX right now. While SpaceX is trying to become a leading AI company, Alphabet is already the most complete one. Its Gemini model is a top-tier foundation model, while its Tensor Processing Units (TPUs) give it a significant advantage by reducing training and inference costs. Its ability to embed Gemini across its search and product ecosystem provides a much better monetization path.
Alphabet isn't ignoring space, either. It actually owns a large stake in SpaceX, and its Project Suncatcher is developing a constellation of solar-powered satellites powered by TPUs and free-space optical links to perform machine learning in space. It's actively working to improve TPUs' cosmic radiation tolerance and believes the cost of a space-based data center could become comparable to a land-based one in the mid-2030s.
I'd also note that Alphabet's Waymo is competing with Musk's Tesla in robotaxis and is much further ahead in deployments.
The verdict By investing in Amazon and Alphabet, you can get access to highly profitable leading companies pursuing many of the same strategies as the money-losing SpaceX at attractive valuations. Compare that to SpaceX, which trades largely on hype at the moment.
SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday.
The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI coding company Cursor, along with the start of options trading on SpaceX’s shares, sent the share price even higher, spiking its valuation to $2.9 trillion before it ultimately settled back down.
This is all despite the fact that SpaceX posted a $4.9 billion loss on $18.7 billion in revenue last year, compared to Amazon, which turned a $78 billion profit in 2025 on $717 billion in sales in 2025. SpaceX has recently added new revenue streams in the form of compute leasing deals with Anthropic and Google, though, and will absorb the revenue from Cursor when that deal closes in the third quarter.
The Anthropic and Google deals are non-binding, but investors don’t seem to mind either way. Elon Musk’s space-and-AI company had added roughly $1 trillion to its valuation since going public on Friday.
That transaction netted SpaceX nearly $86 billion in fresh capital, largely on promises that it can create an AI business worth trillions of dollars — a wild claim for a company that recently tore its AI division down to the studs.
SpaceX first revealed a collaboration with Cursor in April, at a time when Musk said his AI company xAI — now a part of SpaceX — “was not built right [the] first time around” and that he was rebuilding it “from the foundations up.” SpaceX is making the acquisition with $60 billion in company shares.
SpaceX’s historic IPO saw it debut with a valuation of around $1.7 trillion, and the transaction raised nearly $86 billion for Musk’s company. SpaceX only made about 4% of its total shares available for trading, which experts predicted would make the stock more susceptible to wild swings.
That appeared to be the case Tuesday, as traders swapped more than 300 million SpaceX shares throughout the trading day — more than half of the 555 million available on the public market post-IPO, according to data from the Nasdaq stock exchange.
The volatility continued into after-hours trading, which saw SpaceX’s valuation briefly eclipse Amazon’s market cap for a second time before falling again.
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
A box with a customer order passes through a laser scanner at Amazon's LCY3 fulfilment centre in Dartford, Britain, June 4, 2026. REUTERS/Toby Shepheard Purchase Licensing Rights, opens new tab
CompaniesJune 16 (Reuters) - Amazon.com (AMZN.O), opens new tab may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.
The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, citing people familiar with the matter. Several state attorneys general are also participating.
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The agency has been investigating whether Amazon and Alphabet's (GOOGL.O), opens new tab Google misled advertisers that place ads on their websites, Reuters reported last year.
The investigations are being conducted by the FTC's consumer protection unit, and focus on whether Amazon and Alphabet properly disclosed terms and pricing for ads.
The FTC is seeking details about Amazon's advertising auctions and whether it disclosed "reserve pricing" for some search ads. Reserve pricing refers to the minimum price advertisers must accept before they can buy an ad.
The agency may wrap up the probe either through a lawsuit or settlement as soon as this summer, according to Bloomberg.
The FTC declined to comment, while Amazon did not immediately respond when contacted by Reuters.
The e-commerce giant in September agreed to pay $2.5 billion in fines and reimbursements, opens new tab to Prime subscribers to settle FTC's allegations that it deceived its customers to generate subscriptions.
Reporting by Juby Babu in Mexico City; Editing by Joyjeet Das and Anil D'Silva
Our Standards: The Thomson Reuters Trust Principles., opens new tab
SummaryAmazon remains a Strong Buy as fundamentals improve, despite recent underperformance versus the benchmark.Double-digit revenue growth across core segments and AWS's 28% YoY growth reinforce AMZN's diversified business model and moat.Operating cash flow surged 30% YoY, supporting Amazon's ambitious AI and capex initiatives, including major partnerships with Nvidia and Anthropic.Risks include slower growth, margin stagnation, macro headwinds, and opportunity cost, but no structural concerns undermine the bull thesis. Stefan Sutka/iStock Editorial via Getty Images
Sure enough, I anticipated a much better period for Amazon (AMZN). But the stock declined by 2% since my last piece. And has underperformed versus the benchmark.
While I have already highlighted that
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CAMBRIDGE, England--(BUSINESS WIRE)--British computing technology company Signaloid today announced the release of the Signaloid Compute Engine Amazon Machine Image (AMI) via AWS Marketplace. The release enables organizations to deploy Signaloid's distribution-extended compute hardware (UxHw®) technology within their Amazon Virtual Private Clouds (VPCs). The AMI provides access to UxHw, which delivers orders-of-magnitude performance improvements on x86_64 and ARM (AArch64) AWS Elastic Compute C.
by Todd Bishop on Jun 15, 2026 at 10:11 amJune 15, 2026 at 10:12 am
Amazon CEO Andy Jassy at an Amazon conference in 2025 in Seattle. (GeekWire File Photo / Todd Bishop) Amazon CEO Andy Jassy was reportedly among the tech leaders who communicated with senior Trump administration officials about security risks in Anthropic’s most advanced AI models, before a government order forced the AI lab to take its two newest models offline.
The situation puts Amazon in an unusual and potentially awkward position with Anthropic, in which it has invested $13 billion since 2023, with plans to put in as much as $20 billion more.
The Information first reported the calls between Jassy and senior officials, citing two people familiar with the conversations. The Wall Street Journal reported that Jassy told Treasury Secretary Scott Bessent and others that Amazon researchers had used Anthropic’s Fable 5 to obtain information that could be used in cyberattacks.
Amazon shared those findings with administration officials, according to the reports.
“As a leading cloud provider that serves a large number of private and public sector customers, it’s not uncommon for governments to seek our counsel on potential security risks,” an Amazon spokesperson said in a statement to GeekWire on Monday morning. However, the statement added, the company doesn’t share the details of these discussions when they occur.
The administration’s directive, issued Friday afternoon, cited a method for jailbreaking Anthropic’s Fable 5 — a general-use version of its more powerful Mythos 5 model — to extract information that could aid cyberattacks. The order suspended access for any foreign national, forcing Anthropic to disable both models for all users to comply.
Axios reported that Amazon was among at least five companies that raised concerns with administration officials on Thursday night and Friday before the order came down.
In a statement Friday evening, Anthropic said it was complying with the government’s legal directive but disagreed that the situation warranted the action. The company said the vulnerabilities identified using Fable were “relatively simple” and could be found using other publicly available models, including OpenAI’s GPT-5.5.
“If this standard was applied across the industry, we believe it would essentially halt all new model deployments for all frontier model providers,” the company said.
Independent experts have questioned the severity of the finding. Andrew Morris, founder of the cybersecurity firm GreyNoise Intelligence, told the Journal that Amazon’s report showed Fable could surface security bugs in at least four software programs, but that the information was “still a long way from dangerous cybersecurity information.”
Fable 5 remains unavailable to Anthropic’s Claude users as of publication time.
It’s the latest twist in a contentious relationship between Anthropic and the Trump administration. Earlier this year, the Pentagon designated the company’s model as a supply-chain risk, after the two sides clashed over whether Anthropic’s models could be used for purposes such as mass domestic surveillance or in lethal autonomous weapons.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) just posted its fifth straight earnings beat, yet the stock is up just 3.35% year to date despite AWS posting its fastest growth in 15 quarters and a chips business running at a $20 billion revenue run rate.
CEO Andy Jassy says Amazon is “in the middle of some of the biggest inflections of our lifetime.” Can shares climb from $238.55 to $300 before year-end?
Why Amazon Shares Are Stuck Despite a Blowout Quarter The problem is capex, not the business. Amazon plans to spend roughly $200 billion in 2026 on data centers, custom silicon, and Project Kuiper satellites. Trailing twelve-month free cash flow has cratered to $1.2 billion, and long-term debt has ballooned to $119.1 billion from $65.6 billion. The market is choking on the bill.
AMZN is down 3.04% over the past week and 11.69% over the past month, pulling back from a May high near $264. With a beta of 1.44, this stock swings harder than the S&P, and tariff and recession headlines have not helped. The AI infrastructure spend is real; the returns are still a promise.
Wall Street Sees 31% Upside. Our Model Says 35% The Street is loaded up. 15 strong buys, 47 buys, 4 holds, and zero sells, with 94% bullish consensus and an average target of $312.51. Our internal model projects $322.28 over the next twelve months for 35.1% upside at 90% confidence, with a bull case of $368.54 and a bear case of $278.52.
The Street anchors on $312 even though Amazon just posted 74.8% YoY earnings growth. That math does not square. If AWS holds 28% growth and advertising compounds at 24%, $312 looks lazy. Consensus is too low.
The Path to $300 Per Share Reaching $300 from today’s $238.55 requires a gain of 25.8%. With forward EPS of $9.78, a $300 print implies a forward P/E of 31x. Our base case of $322.28 already implies 29x, meaning $300 needs only about 2 turns of additional multiple expansion.
Three catalysts support multiple expansion. First, the $10 billion Canadian bond raise funds AI capacity that monetizes through OpenAI’s 2 GW Trainium commitment and Anthropic’s up to 5 GW.
Second, the new LTL freight service for all U.S. businesses turns Amazon’s logistics network into a third-party revenue line.
Third, Bedrock processed more tokens in Q1 than all prior years combined, with customer spend up 170% QoQ. Jassy’s framing is direct: “our chips business topped a $20 billion revenue run rate.” The primary risk is a sharp AI capex unwind that punishes the multiple instead of expanding it.
Where Amazon Trades Today vs Its Earnings Power At $238.55 against forward EPS of $9.78, AMZN trades at a forward P/E near 24x. For a business compounding earnings at 75% and growing AWS 28%, that is not a premium multiple.
Shares sit 12% below the 52-week high of $278.56 and well above the low of $196.00. The 10-year return is 563.28%. The valuation case is straightforward: at 24x forward earnings, the multiple is modest for the most aggressive AI buildout in tech, with earnings growth doing the heavy lifting.
Is $300 Realistic? $300 by year-end requires a 25.8% gain. It is a stretch, but credible.
Three things need to go right: AWS holds 28% growth into the second half, advertising keeps printing 24%, and the market credits capex as investment, not waste. A recession that forces Amazon to defend the multiple while spending $200 billion derails it.
Prediction markets currently assign only a 7.8% probability to a $300+ print in June. That gap is the opportunity. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how Amazon could reach $300 in 2026.
Key Takeaways Amazon is ramping India investment with a $35B plan spanning cloud, AI and e-commerce logistics.AWS growth hit 28% YoY, driving a $150B run rate and fueling Amazon's global AI expansion strategy.High capex, lower free cash flow and rising competition temper near-term upside despite strong momentum. Amazon (AMZN - Free Report) -owned AWS hosted the Amazon Summit India Online, its most recent India-focused event, reaffirming the company's deepening commitment to one of the world's fastest-growing digital markets — and keeping investor attention firmly on how the company intends to convert its $35 billion India pledge into long-term shareholder value.
The virtual summit featured keynote replays from the in-person AWS Summit Bengaluru editions, technical sessions on agentic AI, and hands-on workshops on Amazon Bedrock Guardrails and next-generation Amazon SageMaker, all showcasing the tools AWS is deploying specifically to serve Indian enterprises at scale. The $35 billion investment, announced in December 2025, spans cloud infrastructure, e-commerce logistics, AI services for small businesses, and an AI literacy program targeting four million government school students, with the broader goal of boosting cumulative e-commerce exports enabled through Amazon's platform to $80 billion by 2030 while supporting 3.8 million direct, indirect, induced and seasonal jobs.
AWS also hosted the AWS Summit Bengaluru Technical Edition, spotlighting India-focused tools including Amazon Bedrock AgentCore and Amazon Nova. The company maintains cloud regions in Mumbai and Hyderabad, each with three availability zones, and is advancing plans for a major 473MW data center campus near Navi Mumbai. Federal agencies in India are also set to access Amazon SageMaker AI, Amazon Bedrock and Amazon Nova through AWS, deepening its public sector footprint in the market.
Amazon shares have jumped 7.2% in the past six-month period against the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector’s decline of 1.7% and 0.1%, respectively.
AMZN’s 6-Month Price Performance
Image Source: Zacks Investment Research
Amazon's AI Tool Stack for India: From Bedrock to KiroRecently, AWS presented its India AI offerings as a tightly integrated stack. Amazon Bedrock served as the centerpiece: a managed platform for accessing foundation models, now paired with Amazon Bedrock Guardrails featuring multimodal toxicity detection and safety controls for responsible AI deployment. Amazon Bedrock AgentCore — designed to deploy and operate AI agents at enterprise scale with built-in memory management, identity controls and tool integration — was highlighted as the enterprise-grade orchestration layer for production agentic workflows. Amazon Nova, AWS' multimodal AI model family, was demonstrated live at the AWS Village across interactive generative AI use cases. Kiro, AWS' specification-driven agentic IDE, was presented as a developer productivity accelerator — having already compressed enterprise development timelines from weeks to days in real-world deployments.
Next-generation Amazon SageMaker, now a unified platform combining data, analytics and AI workflows, alongside AWS Transform — which gained new migration assessment and TCO evaluation capabilities in May 2026 — and Amazon Quick, an AI work assistant, completed the stack. Together, these tools give AWS a full-spectrum India AI portfolio spanning model access, agent orchestration, developer tooling and enterprise cloud migration.
Forward Guidance Signals Momentum, With Near-Term CaveatsAmazon's India commitment arrives on the heels of a strong first-quarter 2026 performance. Total net sales reached $181.5 billion, up 17% year over year, while AWS growth accelerated to 28% year over year — the fastest in 15 quarters — establishing a $150 billion annualized revenue run rate. The powerful AWS engine driving the results is precisely what Amazon intends to scale across India, offering Bedrock, SageMaker and digital payments infrastructure to enterprises and government agencies alike.
Amazon's second-quarter 2026 guidance calls for net sales between $194 billion and $199 billion, implying 16% to 19% year-over-year growth, with operating income of $20 billion to $24 billion versus $19.2 billion a year earlier. Guidance assumes Prime Day in the second quarter for most major geographies, while India will see Prime Day in the third quarter. Management flagged seasonally higher stock-based compensation, fuel-related transportation costs, and a roughly $1 billion year-over-year headwind from the Amazon Leo satellite program. Trailing 12-month free cash flow declined to $1.2 billion from $25.9 billion as property and equipment purchases rose to $59.3 billion, primarily reflecting large-scale AI infrastructure investment globally. Amazon's full-year 2026 capex budget of approximately $200 billion continues to weigh on near-term investor sentiment, even as management frames it as a long-duration bet on future revenue and free cash flow generation.
The Zacks Consensus Estimate for AMZN’s 2026 earnings is pegged at $8.85 per share, indicating a 23.43% increase from the figure reported in the year-ago quarter.
Catalysts and Headwinds Remain BalancedThe AI-driven demand environment forms the core bull case. OpenAI's expanded AWS commitment, Amazon's deepened Anthropic partnership, and Pinterest's $4 billion AWS cloud deal announced in May 2026 — centered on AWS Trainium and Graviton chips for AI model training and inference across more than 600 million monthly users — collectively reflect durable enterprise and hyperscale demand for AWS infrastructure. India's large developer community, growing enterprise cloud adoption and government-backed digitization programs represent a compelling multi-year revenue runway that Amazon's early infrastructure advantage and expanding local footprint uniquely position it to capture at a significant scale.
However, the International segment's operating margin of 3.6% in first-quarter 2026 remains significantly below North America's 7.9%, and India demands substantial upfront capital with returns likely materializing only over a multi-year horizon. Tariff volatility and a roughly 10-basis point foreign exchange headwind flagged for the second quarter add meaningful macroeconomic complexity, while memory and storage component cost inflation cited by management poses an ongoing margin risk that investors should track carefully through the balance of 2026.
AMZN's Valuation & Competition RemainAMZN appears overvalued at a forward 12-month price/earnings ratio of 25.43X, higher than the industry’s 21.33X. Amazon has a Value Score of D. Microsoft (MSFT - Free Report) Azure posted 40% revenue growth in first-quarter 2026, committed $17.5 billion to India AI infrastructure through 2029, and is adding a fourth India cloud region mid-2026 while expanding its Azure Copilot suite. Alphabet’s (GOOGL - Free Report) Google Cloud delivered 63% growth in the first quarter of 2026 and broke ground on a $15 billion India AI hub in Visakhapatnam; Google and Oracle jointly launched Oracle Database@Google Cloud in India. Oracle (ORCL - Free Report) expanded OCI in Mumbai and Hyderabad, deployed Oracle AI Database across both Indian regions and is deepening multicloud ties with Microsoft to pressure AWS on enterprise deals.
AMZN’s Valuation
Image Source: Zacks Investment Research
The Verdict: Hold or Wait for a Better EntryAmazon's $35 billion India bet, backed by record AWS growth and a deepening AI portfolio, positions the company for long-term digital leadership. Elevated valuation, compressed near-term free cash flow and intensifying competition from Microsoft, Google and Oracle, however, make holding or patiently awaiting a more attractive entry the prudent near-term approach. Amazon currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When you think of online shopping, Amazon (AMZN 1.24%) is most likely the first company that pops into your head. From only selling books to now offering cars and small homes, this behemoth of an organization dominates the world of commerce.
The "Magnificent Seven" constituent has risen 5% in 2026 (as of June 11). While it's hard to complain about a positive gain given the volatility markets have experienced, this return comes up well short of another e-commerce stock, which is up 25% this year.
Is this much smaller online marketplace a better buy than Amazon right now?
Image source: Getty Images.
Small fish in a big pond Retail is a gargantuan industry. Within this, the e-commerce category is also massive, with global sales estimated to be more than $6.4 trillion in 2026. That's a big pond to fish in for Etsy (ETSY +0.06%), whose shares are handily outperforming Amazon's this year. It has successfully carved out a niche in the market.
Etsy's focus on handcrafted, vintage, and unique goods is a key differentiator. However, its performance in recent years, following a surge in demand during the depths of the pandemic, has been disappointing, as growth slowed dramatically. This explains why the shares trade 77% off their peak.
But the company's fundamentals are improving. Gross merchandise sales are projected to rise in the low single digits in 2026, after four straight years of declines. Etsy's profitability is improving, with net margin expanding from 12.2% (for the core Etsy marketplace) in Q1 2025 to 16.6% in the latest quarter.
And management is focused on launching product enhancements to boost engagement. For instance, Etsy is leveraging artificial intelligence (AI) to help streamline the listing process for sellers and improve search for buyers.
The biggest challenge for Etsy, though, is that its performance is deeply tied to macroeconomic factors. Because its merchandise is largely discretionary, consumers don't feel the need to visit the marketplace frequently, especially when inflation is high. The number of repeat buyers, those who made purchases on two or more days in the past 12 months, declined 3.2% year over year.
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Scale is the advantage Etsy is winning the race in 2026, but Amazon's stock's trailing-five-year rise runs laps around its smaller industry peer.
Amazon's dominant position in online retail is difficult to overstate. There were almost 2.1 billion visitors to Amazon.com in April. Of total online shopping in the U.S., 40% of this activity was accounted for by Amazon's marketplace. And its online stores raked in $64 billion in revenue in the first three months of 2026. The company's scale is unmatched.
The customer value proposition can't be beat. Extremely low prices on a massive selection of goods, with fast and free delivery, give individuals a level of convenience they have never experienced before. The compelling Prime membership supports consumer loyalty.
Logistics play a critical role. Amazon has invested aggressively to build the necessary infrastructure to bring down shipping costs and speed up delivery times. This leads to a durable advantage against its rivals, driving sustainable financial performance.
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View these stocks through a risk lens While Etsy and Amazon operate in the same industry, they deploy different strategies. Etsy is a niche marketplace that might only draw hobbyist sellers and buyers. Amazon aims to be the store that sells everything, prioritizing convenience and catering to the masses.
Despite what the scoreboard shows in 2026, Amazon is the better buy right now. It trades at a forward price-to-earnings ratio that's 144% higher than Etsy's But its proven competitive advantages and ability to steadily grow in all economic environments make it a safer choice.
Investors comfortable taking on more risk and accepting greater uncertainty over the next three to five years might lean toward Etsy. If it can execute extremely well and macro conditions are accommodative, which aren't guaranteed, then it can be a winner.
Image Credits:Bruce Bennett / Getty Images Amazon CEO Andy Jassy may have been the source of security concerns that led Anthropic to cut off worldwide access to two models on Friday.
The Wall Street Journal reports that Jassy told Treasury Secretary Scott Bessent and other government officials that Amazon researchers used Anthropic’s Claude Fable 5 to obtain information that could be used in cyberattacks. The government subsequently imposed an export control ban on the Fable 5 and Mythos 5 models.
An Amazon spokesperson said in a statement that while it’s “not uncommon for governments to seek our counsel on potential security risks,” the company does not “share the details of those discussions.”
The spokesperson also pointed to an update stating that AWS has been affected by the model cut off.
The Information and Reuters similarly reported that Amazon (a major Anthropic investor) had communicated concerns about the security of Anthropic’s models.
David Sacks, Trump’s former AI czar who now co-chairs the President’s Council of Advisors on Science and Technology, offered his own account of the discussions, claiming that “a highly credible trusted partner of both Anthropic and the USG […] came forward with a jailbreak.”
Sacks added, “The Admin asked [Anthropic CEO Dario Amodei] to fix the jailbreak or de-deploy the model. Dario refused.”
This post has been updated with a statement from an Amazon spokesperson.
Information Andy Jassy shared with the Trump administration sparked an abrupt, sweeping move to halt foreign access to the company's powerful AI tools.
Corning chairman and CEO Wendell Weeks discusses the company's newly announced partnership with Amazon to expand fiber-optic production for data centers on 'The Claman Countdown.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #amazon #ai #artificialintelligence #technology #business #economy #datacenter #infrastructure #fiber #fiberoptic #cloud #innovation #manufacturing #growth #investment #markets #amazonwebservices #leadership
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
June 13 (Reuters) - Amazon (AMZN.O), opens new tab CEO Andy Jassy was among tech leaders who raised concerns to senior Trump administration officials this week about security risks in Anthropic’s most advanced AI models, a person familiar with the matter told Reuters.
Amazon did not immediately respond to a request for comment.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
Citing national security concerns, the Trump administration on Friday directed Anthropic to block any foreign nationals, whether inside or outside the U.S., from using its latest models, Fable 5 and Mythos 5. In response, Anthropic said it would disable access to the models globally.
In a blog post, Anthropic said on Friday that the U.S. government believes there is a method of bypassing, or "jailbreaking," a safeguard that would prevent Fable 5 from being used in identifying software vulnerabilities, the company said.
The U.S. government restrictions came in the form of an export control, Anthropic said in its blog post. The U.S. Commerce Department's Bureau of Industry and Security, which oversees export controls, did not immediately respond to a request for comment.
Some experts who favor export controls on advanced AI models found the Trump administration's action puzzling because it affects allied nations as well as adversaries.
“This was not well thought-out," said Jimmy Goodrich, a senior fellow at the University of California's Institute for Global Conflict and Cooperation. "It even bans Canadians and Brits employed at Anthropic from doing research and development.”
Reporting by Abu Sultan in Bengaluru, and Stephen Nellis and Greg Bensinger in San Francisco; Editing by Sergio Non and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Amazon invested $13 billion into Anthropic and could invest an additional $20 billion, depending on whether the artificial intelligence (AI) start-up hits certain milestones. Anthropic has became a major Amazon Web Services (AWS) customer, committing to spend at least $100 billion with the cloud computing company over the next decade.
Amazon is positioned as a leading beneficiary of accelerating AI adoption, with AWS and e-commerce both delivering robust growth. I reiterate a strong buy rating, citing recent volatility as a clear buying opportunity ahead of visible AI-driven catalysts. Q1 revenue grew 17% YoY to $181.5B, with operating income up 30% and AWS sales accelerating to 28% YoY growth.
YIBIN, China, June 12, 2026 (GLOBE NEWSWIRE) -- Every four years, the world comes together for one unforgettable sporting event.
This summer, the largest global football tournament in history will take place across three North American countries, and fans around the world can now start enjoying this global celebration. KAIYI Auto will join users worldwide in stepping up for passion.
Sharing the Same Passion, KAIYI Is Ready to Go
KAIYI has always believed : Keep Young, Keep Fun. Being young is not about age. Football has a unique power to make everyone feel young, energized, and connected, and that same spirit is what KAIYI Auto has always sought to share with its users. KAIYI Auto has prepared a series of online and offline activities to accompany users from the opening match to the final.
Prediction Challenges: Back Your Favorite Team
Throughout the tournament, KAIYI Auto will launch prediction challenges at key stages, including the opening match, Round of 16, quarter-finals, semi-finals, and final. Follow KAIYI Auto's official social media accounts and comment with your predicted winning team to participate. The top-ranked participants can win $100 or $50 Amazon Gift Cards.
UGC Challenge: Win Up to $2,000
KAIYI Auto is also launching a global creative content campaign. Capture photos or short videos of yourself, your family, or friends with a KAIYI vehicle, a dealership display, or your football viewing experience. Post publicly, include the official campaign hashtags, and tag KAIYI Auto's official account to enter. The campaign runs from June 11 to July 19 across Facebook, Instagram, and TikTok. On each platform, the participant with the highest total engagement wins a Prize: a $2,000 Vehicle Purchase Voucher.
Bringing the Passion from the Screen into Real Life
The excitement extends beyond the screen. KAIYI Auto dealerships around the world will host football-themed events throughout the tournament,. For details, refer to announcements from your local dealership. We invite you to visit your nearest KAIYI dealership and enjoy the football atmosphere created for fans this summer.
The celebration is about to begin, and the passion is shared worldwide. From prediction challenges and UGC rewards to online conversations and in-person gatherings, KAIYI Auto will stand alongside every user to ignite the most exciting moments of the summer.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ef7f1fa-9a2d-447d-b934-537fc2a76261
Its AWS unit is the primary reason why investors should consider Amazon's stock. Amazon has already pushed out one competitor before with custom chip designs.
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, thinks they’re looking at the wrong playbook.
Meta IPO Comparison“I know many people are drawing comparisons to Meta, which was a flop of an IPO,” Tengler said, noting that the stock fell sharply after its 2012 debut and finished the year well below its offering price.
While she understands concerns that SpaceX may be entering the market at a lofty valuation, Tengler argues that traditional metrics may not be the right lens through which to evaluate the company.
Amazon Investment Thesis“This is not a name you’re buying based on fundamentals,” she said. “For me, the analogy is Amazon.”
“This was a company that changed the way we live,” she said. “The question becomes: what’s your time horizon, and do you believe in the technology?”
Tengler’s firm recently launched a thematic portfolio focused on technologies it believes could reshape the global economy over the next 10 to 20 years, including space, robotics, quantum computing and nuclear energy. SpaceX fits squarely within that framework.
Long-Term Time HorizonHer conviction also extends beyond the stock’s opening weeks.
“If the IPO comes out at $135 and the stock drops to $100, that’s not ideal, but it wouldn’t change our long-term view,” she said. “We want to participate.”
That doesn’t mean valuation is irrelevant. Tengler acknowledged there are levels where enthusiasm could get ahead of reality.
“Of course, if it opens at $250, that would give us pause.”
For now, however, she believes investors should spend less time debating whether SpaceX resembles Meta and more time asking whether it has the potential to become the next company that fundamentally changes how people live and work.
In her view, that’s the comparison that matters.
Image via Shutterstock
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Two AI Titans Flash Entries As Rocket Lab Readies For Launch Amazon (AMZN) stock is trading right in between its 50-day and 200-day moving averages, which could provide support and resistance in the coming weeks. Iron condors can work well when a stock trades sideways and volatility remains low or drops. Let's look at an iron condor on Amazon stock. The technology and retail giant operates across e‑commerce, cloud computing, digital…
The bigger story isn’t that SpaceX isn’t profitable. It’s that the company may be choosing not to be.
Profitability Vs. GrowthSpaceX’s lack of profits has become a key talking point following its public debut. But Walter-Range argues the company could potentially improve its bottom line today if it were willing to slow some of its most ambitious projects.
“Considering the recently announced revenue streams from data center capacity leases to Anthropic and Google, the AI side of the business could be profitable if it brings capex down to a level below revenue,” he said.
The same logic applies to the company’s launch business. “Similarly, the launch side could be profitable today by reducing capex on Starship.”
In other words, profitability may be less of a capability issue and more of a strategic decision.
The Starship InvestmentThe catch is that profitability may not be what investors are paying for.
Walter-Range says the massive spending tied to Starship and AI infrastructure is also a major reason investors are willing to assign SpaceX a premium valuation.
“However, the ambition of those two lines of business is part of what drives investor excitement and a higher multiple,” he said.
That creates a familiar trade-off. Management can maximize current earnings or invest aggressively in future opportunities, but doing both simultaneously is often difficult.
The Amazon ComparisonThat’s where the Amazon.com, Inc. (NASDAQ:AMZN) analogy comes in.
For years, Amazon prioritized reinvesting cash flows into fulfillment networks, cloud infrastructure and new businesses rather than maximizing short-term profits. Investors largely accepted that approach because they believed those investments would create larger profits down the road.
Walter-Range sees a similar dynamic at work with SpaceX.
“I don’t see the company focusing on profitability at the expense of innovation anytime soon,” he said.
Instead, he believes investors are embracing a strategy built around near-term losses and long-term opportunity.
“It’s the Amazon play — get investors to accept near-term losses as long as there is a convincing story as to how the money is being deployed to build future profitability.”
For SpaceX bulls, that future includes Starship, AI infrastructure, satellite connectivity and potentially entirely new markets that have yet to emerge.
Photo Courtesy Company PR
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